Dec 22, 2012 10:00am PST
you some of the figures. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. now, we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, but we've had some high-profile examples of public/private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. and by the way, one reason when he we might want a national infrastructure bank is not for the money but just to provide oversight and ombudsman so that you have somebody to go to when off project or regulator, an interlocutor perhaps. we should definitely allow private money. there is an additional problem, and richard probably knows more about this, about so-called eminent domain, where you can't just clear things out. in china, they used to at least just knock on your door and say you're moving, we're building here a road here. you have to move out of your parm tomorrow.
Dec 22, 2012 7:00am PST
, large sections of kansas city on both the kansas and missouri sides will be wired. >> this is salt lake what you wanted. >> exactly -- this is exactly what you guys wanted. >> exactly. we want to take advantage of the faster speeds that google fire will bring and develop. the sky's the limit. >> reporter: how high is that? even the tech wizards aren't sure. >> you know, we've been asked that question a few times. the truthful answer is we don't know yet. we have a new technology that no one else has in the nation, and it can take our business to a new height that we didn't even dream of. >> reporter: the practical effects are easier to predict. better property values, more reasons for investment for top talent to come and stay. how much impact can all of this have on your city? >> i think at the end of the day if you ask any mayor growing that small business, finding that entrepreneur, willing to take a risk in your community is going to grow jobs and ultimately the economy. >> reporter: for now, dreams are growing wild out on the silicon prairie. tom foreman, cnn, kansas city, kansas.